WA
LITHIUM Australia has had a positive year with promising developments including the acquisition of Mt Deans East and the completion of the Ravensthorpe mine rehabilitation.
The company has updated its raw material strategy for 2020 in order to establish a high-quality lithium resource base.
Primary supply opportunities, including the Medcalf prospect, are being explored.
Mine-waste streams (historical dumps and tailings) and discharge from currently operating mines are also being considered as sources.
The Medcalf prospect has a cluster of stacked pegmatite dikes with abundant spodumene and a possible extension suggested by a lithium-in-soil geochemistry anomaly that was later discovered.
The spodumene samples show positive signs with very low levels of deleterious elements.
The company also announced that the Mt Deans East-North Lode tenement acquisition had been completed.
The Mt Deans East prospect is located close to other developing lithium projects in the region.
Lithium Australia has agreed to provide Aruma with $15,000 and issue $75,000 worth of fully paid ordinary (‘FPO’) shares in Lithium Australia to earn a 50pc interest under the agreement.
The rehabilitation of Ravensthorpe worksites at Deep Purple and Horseshoe prospects has also been completed, complying with DMIRS conditions.
